Best Ideas for Business

​All across the today's world, we see many instances of businesses succeeding with - "Why I Didn't think of it myself or how could have I fail to recognize and en-cash this Opportunity" IDEAs.

These successful disruptive-businesses also becomes the reason for thousands of people to launch similar ventures ONLY TO FAIL.

The absolute truth is that, irrespective of the novelty of any business idea – it would only succeed, if it sticks with the basic-laws of sustainable-success.

In this article, I would try to show – how can you Identify, explore and create opportunities for

1.Creating a Small additional income

2.Or laying the foundation of a business to become a big

3.Or exploring the opportunities to launch a business – "with what you have" WITHOUT jeopardizing and bankrupting your happiness, finances, relationship and peace

Besides the uniqueness of the idea, the following are needed to start, run and maintain the momentum of growth in business

[Please also read my blogs in success unlimited mantra in from the heart of Subhashis - on Why your 1st business may fail AND Why businesses succeed AND my other blogs on entrepreneurship]

1.Identifying What you are selling & Who You are Selling & Why They will buy & Why They will buy from you

2.Create a compulsive-demonstratable reason for buyers to pay for whatever services/products you are selling

3.Validating your ideas Real-time with the different target segments

4.The timing of launch

5.The financial and business viability studies

6.The plan of how will you spend and earn money

7.Complete cash-flow needed

8.Choosing the correct business and revenue models

9.Choosing all the right marketing channels

10.Choosing best people, vendors and partners

Few of the wrong reasons to start any business

1.Without your bringing a unique strength to the table

2.Starting your business based on your idea alone – only because you are convinced that your idea is so unique that people would line-up for buying

3.Starting a business – because it is so hot – that everyone is jumping into it

4.Starting a business because you have money to spend – but you borrow the idea from others – as per the following three

I.Without having a passion or Interest in the technicality of business

II.Without understanding this particular business, itself

III.Believing that if you hire experts – they alone can make your business succeed

The most recent successful businesses in the world are built on the following philosophy – they manage to attract, use & retain – on long term basis

1.Other People's Money

2.Other People's Resources

3.Other People's Time

4.Other People's Efforts

5.Other People's Networks

6.Other People's Expertise

7.Other People's Ideas

8.Other People's Passions

The largest businesses like Amazon, AirBnb, Ola, Uber – all are using the aforesaid philosophy.

The key to succeed in this philosophy is to create a model that is easy to learn and make money for others – with minimum quantum of losses, in case someone wants to opt out.

How to Create a Business Using What You have

You can sell any or all of the following to create a business or to make extra money – add whatever I have missed

1.Your Ideas

2.Your Time

3.Your Efforts

4.Your Money

5.Your Space

6.Your Skills

7.Your Expertise

8.Your Knowledge

9.Your Network and connections

10.Your Services to Help Others Sell Their Product/Services

11.Your Life's Experiences

12.How can you help people save money/time/efforts by going through you and your enterprise.

Let us explore few side hustle ideas and strategies that'll help you make additional money AND which would ALSO HELP OTHERS MAKE MONEY as well.

Some of the strategies/ideas listed below would need your one-time big chunk investment and follow-up and, in few cases, they would need your regular and sizable investment of your time

THEREFORE - select a idea plus strategy that fits with your skill set, mind-set, need-set and passion-set to ensure that it deliver a serious value addition to you

Please understand that Not every idea will work for you. In any case, it could be a good way to explore other career opportunities without quitting your main job. It would also allow you to network with people in a new career field to explore and identify newer additional career options.